Article 38: How to Set the Perfect Price Point for Your Products

If reading the basic tier was the first time you realized price isn’t about just picking a number, congratulations, you’re already way ahead of the “winging it” crowd. But you’re not here to just “get by.” You want to own your pricing, maximize your profit, and draw in the right customers who actually value what you do. The Pro tier is where you master the art and science of pricing like a true sales animal.

Let’s kill the biggest myth right now, there is no perfect number just sitting in your head. Pricing is a process. The most successful sellers out there treat it as something fluid, they test, adjust, and optimize until it’s a money-making machine. And it all starts with understanding real value.

First, get stupid clear on your costs. This isn’t just “How much does my product or service take to build?” Factor in your time, your skills, your software, shipping, taxes, fuckups, everything. There’s no pride in undercharging and wondering where your profit went. Set a minimum price that covers all of it plus what you actually want to earn per sale. Anything below that is sabotage.

Second, define your ideal customer with zero guesswork. Who are you trying to attract, and what are they willing to pay for a solution, but more importantly, what are they willing to pay for your solution? If you’re targeting people who want quality, speed, or a unique experience, your price should scream it. Don’t set your price hoping to snag everyone, or you’ll attract tire kickers who beat you up for every penny.

Now, analyze your market without getting trapped in copycat mode. Yes, scope out competitors. What are they charging, what are customers saying, and what isn’t their price including? Don’t be afraid to charge more if you can clearly offer more, faster results, better support, unique features, premium branding. But if you’re not able to explain your difference in seconds, you’ll lose to the cheapest option every time.

Psychology is everything. Price is a signal. Too cheap and people assume it’s garbage, too expensive with no explanation and you’re ignored. Here’s where anchoring comes in. Show your product compared to more expensive alternatives (or even a “deluxe” version of your own). When you present your normal price after an anchor, it feels like a smart buy. Try this: “Some coaching programs run $3000 a month. My program is $895, and you still get hands-on support.” Anchoring makes your price land just right.

Don’t forget about perceived value. Your packaging, your message, the way you talk about your offer, it all adds or subtracts value. Want to charge premium prices? Deliver premium experiences at every step. That means beautiful photos, crystal clear sales pages, killer guarantees, and fast, confident communication. Make buying from you feel different, like stepping into a higher league.

Use tiered pricing to widen your market without dumbing down your worth. Offer a basic version for price-sensitive buyers and a high-end option for those who want the best. This not only raises your average sale, it gives people the feeling of control. “Do I want the standard or am I ready for the VIP experience?” People love to self-select, and you’re not racing to the bottom just to win.

Let’s talk about the price test loop. Here’s how the best sellers dial in to perfection:

  • Start with a confident, but slightly uncomfortable, number.
  • Pitch it straight.
  • Listen for feedback. Are people saying yes without blinking? Raise it. Are you getting price objections every time? Reframe your value or adjust downward just enough to see a difference.
  • Split test if you’re online, run two versions and see which pulls more sales and better customers.
  • Never take one person’s opinion as gospel. Watch trends across five, ten, twenty prospects. Patterns don’t lie.

Don’t panic when you get pushback. Sometimes, pushback means you’re priced just right. It signals you’re not selling to the bottom-feeders. Learn to sell the value, not defend the price. “Here’s what you get, here’s why it matters, and here’s why it’s worth every penny.” Practice until you can say it without flinching.

We have to address one of the biggest confidence killers, the fear of rejection. Pricing high feels scary, especially if you’re used to saying yes to every bargain hunter. But here’s the secret, when you lose a deal because of price, it’s not failure. It means you’re filtering out the wrong customers. The ones who stay? They’ll pay, they’ll refer, and they’ll stick around longer.

Let’s get into discounts. Do not default to discounting the second someone hesitates. Instead, offer added value. Throw in a bonus, upgrade the service, or guarantee a result. Discounts are a last resort, if you overuse them, you destroy trust and kill your margin. Be strategic: seasonal deals, first-time offers, or bulk packages only.

Now, about communicating your price. Be clear. Be direct. Never apologize or waffle. “The price is $495, and here’s what you get…” Say it like it’s totally normal and expected. If you sound nervous, you’ll invite haggling.

For digital products, consider lifetime value, not just the first sale. If your entry price is a foot in the door, make sure you have an upsell path or subscription to keep customers coming back. Sometimes a “low” price works if you have a plan to monetize ongoing.

Here’s a frequently missed tactic: price for who you want to serve in the future, not just where you are right now. If you want to work with higher-level clients, start edging your price higher and back it up by leveling up your offer, your brand, your service. Grow into your price, don’t wait for permission.

Solo hustlers, listen up: your price is your brand. Don’t undervalue yourself just because you’re new or solo. If you can get a win for someone, you deserve to get paid. Don’t start with “cheap, it’s just me.” Start with “It’s me, and I get results no one else does.”

Finally, always keep evolving. Revisit your price every quarter. If you’re busier than hell and people are buying with no hesitation, you’re too cheap. If you’re always getting “too expensive,” either your pitch is off or your value needs tightening. Tweak, test, and always keep your ear to the ground.

Stay in the Pro tier and get access to live pricing calculators, negotiation scripts, step-by-step competitor analysis worksheets, and breakdowns of price psychology that make selling at any price point feel natural as hell. You’ll see real case studies, from freelancers to product brands, who went from price-paralyzed to confidently selling at two, three, or ten times what they used to charge. This is the level where pricing stops being scary and starts being your favorite power move. Master it. Own it. And watch your bottom line blow up.